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15 Jun 2020

OPEC’s Secretary General holds video meeting with Colombia’s Mines and Energy Minister

Vienna, Austria, 15 June 2020--OPEC Secretary General, HE Mohammad Sanusi Barkindo, held a bilateral webinar meeting today with HE María Fernanda Suárez Londoño, Minister of Mines and Energy of Colombia.

The two leaders discussed the latest oil market conditions and the recent decisions made at the OPEC and non-OPEC Ministerial Meetings held on 6 June.

The Secretary General highlighted that OPEC and Colombia share a rich history of energy cooperation dating back to the late 1980s and more recently with the 2015 and 2016 consultations that led to the DoC and CoC. The Secretary General also noted that Colombia attended the 9th Extraordinary OPEC and Non-OPEC Ministerial Meeting on 9 April as an observer.

HE Suárez Londoño said that Colombia was fully supportive of the ongoing OPEC+ efforts to forge a lasting stability in the global oil industry and to boost global industry investment.

“We embrace all collaborative efforts being made to bring stability back to the market and to re-instate investment in the industry,” the Minister said.

Other themes discussed by the leaders include the COVID-19 impacts on the global economy, post-COVID 19 prospects for industry investment and cooperation perspectives within the DoC and CoC.

‪“OPEC and its non-OPEC partners are doing their part, but, in the spirit of multilateralism, we need ALL industry stakeholders to contribute to this massive undertaking of re-establishing a stability in the oil market that is sustainable while ensuring continuity in timely and adequate investments,” the Secretary General stated.

The Secretary General thanked Colombia for its ongoing support of OPEC+ and invited the Minister to attend the OPEC International Seminar in Vienna next June.